Australian lithium producer Pilbara Minerals (ASX: PLS) has announced a 39% increase in the mineral resource at its 100%-owned Pilgangoora lithium-tantalum project in Western Australia’s Pilbara region to 308.9 million tonnes, reinforcing its position as the world’s most extensive hard-rock lithium operation.
The updated mineral resource, which replaces the prior June 2020 estimate, now comprises 308.9 million tonnes grading 1.14% lithium oxide and 105 ppm tantalum pentoxide, containing 3.5 million tonnes of lithium and 71.7 million pounds of tantalum, respectively.
Pilbara said that additional resources defined from the 2021 exploration program would expand the mining envelope and pit inventory of the combined South Pit areas, with potential for further growth with ongoing drilling.
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